Here’s a sharper, more concise rewrite with a clean market-news tone:

Bitcoin moved back above $62,000 after June nonfarm payrolls came in at 57,000—well below the 113,000 estimate. The weak print drove the implied odds of a September Fed rate hike down from 64% to 54% on the CME FedWatch Tool and triggered a sell-off in AI-related stocks.

That shift puts a key issue in focus: is this the start of a lasting bottom, or just a short-term rebound in a market that has already fallen roughly 20% over the past month?

The Labor Department added to the downside surprise by revising April and May payrolls lower by a combined 74,000 jobs, signaling that earlier strength in the labor market was overstated.

Bitcoin had dropped to $57,750 ahead of the release but rebounded on the data, climbing back above $60,000 as investors rotated into scarce assets.

Bitcoin News: Interpreting the Macro Signal

Weaker labor data eases inflation concerns and reduces the Fed’s incentive to keep rates high. That directly lowers the opportunity cost of holding non-yielding assets like Bitcoin and gold, while also lifting expectations for future liquidity expansion.

The Fed’s balance sheet remains at $6.73 trillion. Although it has room to purchase up to $40 billion in short-term Treasuries monthly, that tool hasn’t been used—though it could become relevant if economic softness persists.

Gold mirrored the move, recovering part of its recent 8% decline, reinforcing the idea that markets are pricing in a less aggressive Fed rather than reacting to a one-off event.

Oil prices also helped ease inflation concerns, with WTI crude holding below $70 amid signs of progress in U.S.–Iran talks.

Equities, however, weakened. The Nasdaq 100 gave up three straight days of gains, led by sharp declines in chipmakers and AI hardware stocks. SanDisk, Seagate, Western Digital, and Applied Materials each fell more than 9% intraday, pointing to valuation concerns and potential capital rotation.

On-Chain Data: Evidence of Seller Exhaustion

Bitcoin’s on-chain data suggests underlying stability despite macro volatility.

CryptoQuant analyst gaah_im reports that the realized profit-to-loss ratio has dropped to its lowest level since 2022, while the share of supply in profit has turned negative.

Historically, this combination has aligned with cycle bottoms, indicating that most selling pressure may already be exhausted.

Still, these signals don’t guarantee immediate upside. They point to a nearby floor, not a confirmed reversal. Bitcoin’s rejection near $82,500 remains a key resistance level.

As such, the metric is more useful for managing risk than predicting direction—it reduces downside probability but doesn’t eliminate it.

A retest below $60,000 remains possible, especially if upcoming inflation data or Fed commentary turns more hawkish. One weak jobs report alone isn’t enough to rule out further downside.